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Showing contexts for: section 218 in Srei Equipment Finance Ltd vs The State Of Maharashtra 5 Ors on 21 January, 2020Matching Fragments
4. The Petitioner claims to have advanced a credit to the 5 th Respondent and the property sought to be auctioned is mortgaged to the Petitioner. Thus, the Petitioner claims a priority of interest over dues of the flat buyers because the Petitioner is the mortgagee of the property.
5. As per Section 218 of the Maharashtra Land Revenue Code read with Section 194(2) thereof, if the sale relates to an immovable property, the sale notice has to be as per Form No.7 and we find that the instant notice conforms to Form No.6 which relates to movable property.